Texas Finance Code

§ 62.010 — AMENDMENT OF ARTICLES OF INCORPORATION OR BYLAWS

FI § 62.010Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. A. INCORPORATION IN GENERAL

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(a)An association may amend its articles of incorporation or bylaws by a resolution adopted by a majority vote of those entitled to vote attending an annual meeting or a special meeting called for that purpose.

(b)An amendment may not take effect before it is filed with and approved by the commissioner.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.